iCrowd Newswire
14 Jan 2022, 05:20 GMT+10
The industrial floor coating market has witnessed significant growth in the past decade due to rise in industrial infrastructure and construction.
Growth of the construction sector in residential and commercial sectors has led to a favorable industrial floor coating market goods to fulfill the need for long-lasting industrial floors from a fast-increasing population. The global industrial floor coating industry was accounted for $5.89 billion in 2020, and is expected to reach $9.48 billion by 2030, growing at a CAGR of 4.8% from 2021 to 2030.
Drivers, restraints, and opportunities
Rise in industrialization across the globe, growth in the food & beverage, manufacturing, and chemical industries, and surge in necessity in industrial facilities have boosted the growth of the global industrial floor coating market. However, lack of skilled workforce and awareness for selection of material hinder the market growth. On the contrary, surge in FDI inflows and favorable government policies are expected to open lucrative opportunities for the market players in the future.
Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/9303
Covid-19 scenario:
The epoxy segment held the largest share
By resin type, the epoxy segment held the largest industrial floor coating market share in 2020, accounting for more than two-fifths of the global market. Moreover, the segment is expected to register the highest CAGR of 5.2% during the forecast period, owing to rise in adoption in the food & beverage, chemical, and food storage warehouse industries for its features including high adhesion, durability, and impact resistance. The report includes analysis of segments such as polyaspartic, polyurethane, anhydrite, and others.
Get detailed COVID-19 impact analysis on the industrial floor coating market: https://www.alliedmarketresearch.com/request-for-customization/9303
The food and beverages segment dominated the market
By end-user industry, the food and beverage segment held the lion's share in 2020, contributing to more than one-fourth of the global industrial floor coating market. In addition, the segment is estimated to manifest the highest CAGR of 5.7% from 2021 to 2030, due to increase in demand in food & beverage industry for its ability withstand harsh service conditions including extreme temperature fluctuations and frequent high-pressure hosing. The report includes analysis of segments such as chemical, healthcare, transportation and aviation, and others.
Asia-Pacific, followed by Europe and North America, held the largest share
By region, the market across Asia-Pacific, followed by Europe and North America, dominated in 2020, holding more than two-fifths of the market. Moreover, the region is projected to portray the highest CAGR of 5.6% during the forecast period, owing to rapid industrialization and rise in demand from aerospace and electronics industry. The report includes analysis of global industrial floor coating market across Europe, North America, and LAMEA.
Major market players
Interested in Procure Data? Visit: https://www.alliedmarketresearch.com/purchase-enquiry/9303
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Tags: Industrial Floor Coating market, Industrial Floor Coating Market Share, Industrial Floor Coating Market Analysis, Industrial Floor Coating Market Industry
See Campaign: https://www.alliedmarketresearch.comContact Information:Contact:
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 [email protected]:Reportedtimes, Healthfirsto, Menafn, canadatousd, PR-Wirein, Empirits, Fexti, lebc, Dthai, Research Newswire, English
Get a daily dose of Houston Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Houston Mirror.
More InformationNEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...
SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...
LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...
BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...
WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...
BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...
LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...
The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...
CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...
DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...